Trust Co. of Toledo NA OH Buys New Holdings in KKR & Co. Inc. (NYSE:KKR)

Trust Co. of Toledo NA OH acquired a new position in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,522 shares of the asset manager’s stock, valued at approximately $225,000.

Other large investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter worth approximately $31,000. Raleigh Capital Management Inc. increased its stake in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares during the last quarter. Eastern Bank bought a new stake in KKR & Co. Inc. in the 3rd quarter worth approximately $34,000. Truvestments Capital LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter worth approximately $40,000. Finally, Bank of New Hampshire bought a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $45,000. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on KKR. Citigroup lifted their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. TD Cowen boosted their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods cut their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $159.93.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $141.37 on Tuesday. KKR & Co. Inc. has a twelve month low of $80.20 and a twelve month high of $163.68. The stock has a market capitalization of $125.57 billion, a price-to-earnings ratio of 42.97, a P/E/G ratio of 1.22 and a beta of 1.66. The stock has a fifty day simple moving average of $152.28 and a two-hundred day simple moving average of $133.34. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the business earned $0.73 EPS. On average, analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is 21.28%.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.